Alternatively, a private or hard money loan could provide faster funding if traditional lending timelines don’t work, with the option to refinance once the build is complete.

People ask, if a borrower has 20 - 25% down, why would they need private financing?  

All things being equal it's usually not good for the owner unless of course it's a way to get the property sold.

@Travis MullenixI haven't but wanted to know if you have had experience in private lending before?

one thing is your lending your money way under what private money should charge. unless your just doing your friends a favor..

In our county they did not allow "Private Drives" for 20 years until I asked. 

The SEC enforces strict guidelines on raising capital, and violating them can lead to hefty fines, investor lawsuits, and even criminal charges.Let’s break down some key takeaways from SEC Rule 506(b) of Regulation D and why you MUST have a Private Placement Memorandum (PPM) and Subscription Agreement in place.1.

What key factors influence your decision to partner with a lender for private money in real estate?

I have sold all but one of my personal investment properties and decided to invest with others in passive deals with sponsors of larger apartment complex's, trailer parks and others.

What would be my best approach, I assume find a private lender and work out some deal with them.